Owc Pharmaceutical Research Stock Market Value
| OWCP Stock | USD 0.0001 0.00 0.00% |
| Symbol | OWC |
OWC Pharmaceutical 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to OWC Pharmaceutical's pink sheet what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of OWC Pharmaceutical.
| 10/25/2024 |
| 11/24/2024 |
If you would invest 0.00 in OWC Pharmaceutical on October 25, 2024 and sell it all today you would earn a total of 0.00 from holding OWC Pharmaceutical Research or generate 0.0% return on investment in OWC Pharmaceutical over 30 days. OWC Pharmaceutical Research Corp., through its subsidiary, One World Cannabis Ltd., engages in the research and developm... More
OWC Pharmaceutical Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure OWC Pharmaceutical's pink sheet current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess OWC Pharmaceutical Research upside and downside potential and time the market with a certain degree of confidence.
OWC Pharmaceutical Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for OWC Pharmaceutical's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as OWC Pharmaceutical's standard deviation. In reality, there are many statistical measures that can use OWC Pharmaceutical historical prices to predict the future OWC Pharmaceutical's volatility.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of OWC Pharmaceutical's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
OWC Pharmaceutical Backtested Returns
OWC Pharmaceutical is out of control given 3 months investment horizon. OWC Pharmaceutical retains Efficiency (Sharpe Ratio) of 0.33, which implies the firm had a 0.33% return per unit of risk over the last 3 months. We were able to break down four different technical indicators, which can help you to evaluate if expected returns of 110.77% are justified by taking the suggested risk. Use OWC Pharmaceutical relative strength index of 60.02, and Day Median Price of 1.0E-4 to evaluate company specific risk that cannot be diversified away. OWC Pharmaceutical holds a performance score of 25 on a scale of zero to a hundred. The company owns a Beta (Systematic Risk) of 0.0, which implies not very significant fluctuations relative to the market. the returns on MARKET and OWC Pharmaceutical are completely uncorrelated. Use OWC Pharmaceutical rate of daily change , to analyze future returns on OWC Pharmaceutical.
Auto-correlation | 0.00 |
No correlation between past and present
OWC Pharmaceutical Research has no correlation between past and present. Overlapping area represents the amount of predictability between OWC Pharmaceutical time series from 25th of October 2024 to 9th of November 2024 and 9th of November 2024 to 24th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of OWC Pharmaceutical price movement. The serial correlation of 0.0 indicates that just 0.0% of current OWC Pharmaceutical price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 0.95 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
OWC Pharmaceutical lagged returns against current returns
Autocorrelation, which is OWC Pharmaceutical pink sheet's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting OWC Pharmaceutical's pink sheet expected returns. We can calculate the autocorrelation of OWC Pharmaceutical returns to help us make a trade decision. For example, suppose you find that OWC Pharmaceutical has exhibited high autocorrelation historically, and you observe that the pink sheet is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
OWC Pharmaceutical regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If OWC Pharmaceutical pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if OWC Pharmaceutical pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in OWC Pharmaceutical pink sheet over time.
Current vs Lagged Prices |
| Timeline |
OWC Pharmaceutical Lagged Returns
When evaluating OWC Pharmaceutical's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of OWC Pharmaceutical pink sheet have on its future price. OWC Pharmaceutical autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, OWC Pharmaceutical autocorrelation shows the relationship between OWC Pharmaceutical pink sheet current value and its past values and can show if there is a momentum factor associated with investing in OWC Pharmaceutical Research.
Regressed Prices |
| Timeline |
Pair Trading with OWC Pharmaceutical
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if OWC Pharmaceutical position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in OWC Pharmaceutical will appreciate offsetting losses from the drop in the long position's value.Moving against OWC Pink Sheet
| 0.38 | BKLRF | Berkeley Energy | PairCorr |
| 0.32 | AWCMY | Alumina Limited PK | PairCorr |
| 0.31 | HLN | Haleon plc | PairCorr |
| 0.31 | HLNCF | Haleon plc | PairCorr |
The ability to find closely correlated positions to OWC Pharmaceutical could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace OWC Pharmaceutical when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back OWC Pharmaceutical - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling OWC Pharmaceutical Research to buy it.
The correlation of OWC Pharmaceutical is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as OWC Pharmaceutical moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if OWC Pharmaceutical moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for OWC Pharmaceutical can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for OWC Pink Sheet Analysis
When running OWC Pharmaceutical's price analysis, check to measure OWC Pharmaceutical's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy OWC Pharmaceutical is operating at the current time. Most of OWC Pharmaceutical's value examination focuses on studying past and present price action to predict the probability of OWC Pharmaceutical's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move OWC Pharmaceutical's price. Additionally, you may evaluate how the addition of OWC Pharmaceutical to your portfolios can decrease your overall portfolio volatility.